Forecasts for Hot US Temps Push Nat-Gas Prices Higher

June Nymex natural gas (NGM26 ) on Monday closed up +0.064 (+2.16%). Nat-gas prices climbed to a 1.75-month nearest-future high on Monday and settled sharply higher. Expectations of hotter, above-normal temperatures that could boost nat-gas demand from electricity providers to power increased air-conditioning use are pushing nat-gas prices higher. The...Gas flame with blue reflection on dark backdrop by Bellanatella via iStock